Prior the meeting, Chairman Xiong Yan interviewed Councilor Mr. Morgan and exchanged opinions on Sino-UK carbon market and the cooperation outlook between enterprises of both countries in fluent Chinese. Mr. Xiong presented his latest publication of Road to Low-carbon Economy to Mr. Morgan and hoped both sides to leverage the meeting to jointly drive and strengthen the cooperation between both countries’ enterprises in the carbon market.

At the roundtable, Mr. Morgan, on behalf of the UK government, addressed that climate change affects the entire planet, and the UK is taking world-leading action at home to address the problem, but ultimately we need global solutions. Now as the market evolves, and following negotiations in Copenhagen (UNFCCC), companies and governments are considering potential changes, developments and the likely shape of the global carbon market in the future. The UK Climate Change Projects Office’s 2010 trade mission therefore focuses not just on professional fields of climate changes, but also the potential business opportunities and benefits in the carbon market and the long-term mutual benefit partnership between both countries.

Mr. Xiong noted climate change and economic crisis are two challenges the world is confronting and development of low carbon economy is a necessary path to meet the challenges. CBEX grasped the carbon market opportunity and set up China’s first environment exchange platform, China Beijing Environment Exchange, in August 2008. CBEEX completed China’s first voluntary carbon deduction trade, independently developed and released China’s first voluntary carbon deduction standard, Panda Standard, and teamed up with relevant domestic and foreign governmental authorities and leading institutions to continuously push forward the development of the carbon market. CFEX, as a new national forest equity and resource transaction platform and the first franchised forest carbon exchange of China, will give full play of its powerful marketized resource concentration capability and industrial competition and actively solve the energy conservation, emission deduction and environmental protection through marketized means. Mr. Xiong stressed the negotiations at the United Nations Climate Change Conference in Copenhagen didn’t change the trend the global economic development direction toward low-carbon economy. On the contrary, the trend will be more important and necessary with the hard progress of the negotiation. The concerted effort between enterprises of both countries will better drive the improvement and development of the carbon market.

CBEEX General Manager Mr. Mei Dewen said the Copenhagen conference brought great influence to China’s low carbon economy development. At the conference, CBEEX and its strategic partner officially publicized China’s first voluntary emission reduction standard Panda V1.0, which starts from agriculture, forestry, gradually involves transportation, building and other fields for energy conservation and emission reduction and strives to be a voluntary emission deduction standard widely recognized at home and abroad in several years. Meanwhile, CBEEX has established a sound platform and operation system for CDM and VER emission deduction transfers and planned to build a most authoritative emission deduction compensation market. Currently CBEEX is initiating to set up China's first carbon-neutral organization—China Carbon Neutralization Union to promote enterprises and institutions with great social responsibility sense to actively deduct emission and perform the country’s sustainable development strategy. Afterwards, Mr. Dong Xucao from China Forestry Exchange detailed explained the current business, products of the company and also the great significance of forest carbon trading to the audience.

Also, the representatives had intense discussions on the carbon market, carbon transaction, low-carbon financing and other related services. At the one-to-one meetings, active players in the carbon market from UK and China had a good impression to CBEX, CBEEX and CFEX’s services and professional platform and hoped to have an all-round cooperation in production, service, platform and market research at all levels and jointly drive the carbon market development and explore a path to address the climate change and benefit the whole globe.